Aircraft Financing

The sky’s the limit

With our easy application and competitive rates, your dream of owning an aircraft can take flight

Get preapproved for aircraft financing

Today’s Rates

APR as low as1 6.25%

If you’re looking for a new or used aircraft, it’s quick and easy to apply for financing.

  • Get competitive rates.
  • Apply online, over the phone, or in a branch.
  • No application fees.
  • Save time by getting preapproved before you start shopping.
  • Pay your bill automatically from your checking or savings account.

We finance a wide range of aircraft that are certified for flight.

airplane

Refinance your aircraft loan

Are you paying too much for your aircraft loan? Refinancing could help you find a loan with terms that work better for you. Depending on your situation, you may be able to:

  • Lower your monthly payment.
  • Reduce your interest rate.
  • Pay your aircraft off faster.

Which aircraft can I afford?

How it works

1

Apply Online

Answer a few simple questions and see what you qualify for.

Apply Now

2

Get Preapproved

With your loan preapproved, you know exactly how much you can afford to spend.
3

Find Your Aircraft

Take your preapproval to the dealership and select the aircraft you want.
4

Close the Deal

Purchase your new aircraft and take flight.

Aircraft Financing FAQs

In most cases, we can make a decision on your loan application in under 24 hours.  In some cases, we may need to ask you for more details, and then the process takes a little longer.

You’ll need to provide the following information on your loan application:

  • Name
  • Social security number
  • Physical and mailing address
  • Employment information
  • Gross monthly income
  • Date of birth

In some cases, we may ask for additional information after you submit your application.

No, you don’t have to be a member to apply, but you do need to become a member if you want to take the loan. But don’t worry—it’s quick and easy to join Alaska USA.

When you apply for a loan, we ask if you’re already an Alaska USA member. If you’re not, just follow the instructions at the end of the application process to join.

We offer financing for new and used aircraft for personal use. The aircraft must be certified for flight. You can also use your aircraft for business purposes, as long as you are not charging for its use.

If you want to finance a commercial aircraft and you intend to use the aircraft to generate business income (for example, for charters or flight seeing) then you may be able to finance it through an Alaska USA business or commercial loan.

If you are financing a used aircraft, then it will require an appraisal. We also use public market information, the Aircraft Blue Book, and the purchase price to determine the current market value of the aircraft.

The appraisal must disclose detailed information about any deficiencies and list all recommended repairs, and it must include photographs. You can get an appraisal from a disinterested aircraft dealer or an FAA qualified appraiser.

To finance your aircraft, you will need proof of in-flight and ground hull coverage equal to the amount of the loan with a breach-of-warranty endorsement.

The maximum deductible allowed is $2,500 or 1% of the actual value of the aircraft, whichever is greater. You must provide documentation of your insurance coverage at or before the loan closing.

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1Interest rate is dependent upon the credit qualifications of the borrower(s). Rates are subject to change at any time for any reason. See our rates page for full details.